The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-02-07
OF THE MARKETS
Wheat Opens Slightly Lower and Fluc.
tuates but Little During the Day.
Corn Dull and Slow, Outside Orders Keeping
Very Scarce-0ats Dull and Easy-Provis-
ions Unsettled-Pork Slightly Lower.
MONEY, BONDS AND STOCKS.

The "Bulls' Force Prices During the Day,
the Latest Figures Being the Highest.
NEW YORK, Feb. 5.--Money on call was easy at
e04 per cent closing at "a per cent.
Prime mercantile paper, sac per cent.
Sterling exchange was dull but steady and I'M
changed.
The total sales of stocks to-day 3zs 661 shares
Including the following: Canada Southern, $3.50;
Delaware, Lackawanna e. Western, 2O,420 Erie,
13 $685. Kansas e. Texas A, ZOO; Lake Shore 32, O4O;
Louisville s. Nashville, 81 465; Northwestern 745;
New Jersey Central. 8 74O; New York Central s. 100;
Northern Pacific preferred, 3,02s; Ohio & Missis-
sippi, 1913; Pacific Mail, 7.O40; Reading AZ, lO4;
st. Paul 6s. 231; Union Pacific 26.45O: Western
Union, "a 235.
Government bonds and State bonds dull and
STEADY.
The signing of the interstatecommerce bill had
apprecable effect upon stocks which created surprise,
though it is well understood that its effects have been
discounted for some time. Tho strength of the
foreign markets however also had reassuring effect
upon operators here and the bulls forced prices up
throughout almost the entire day the lowest prices be-
ing made shortly after the opening and the highest
IN the last half hour Many operators who have been
absent from the market for some time were to-day
open buyers, and the development of speculation in
st. Paul did great deal to bring outsiders into the
have again taken hold for rise. The foreigners
moderate purchasers, and though the advance met
with considerable resistance early in the day general
covering OF snors gaVe uVoy ant zone 10 nc
the afternoon St Paul became the leading feature
early IN the forenoon. and Lake Shore Louisville
Nashville Western Union and Union Pacific all shared
m the general advance, The Boston people are re-
ported to be heavy purchasers Of the latter The
fdence of the buying is believed to bave animated
the greater part Of the short nters lately existing
in the market. The opening was strong advances
over last evenings , ipS. figures ranging to
e per cent. HAere were further slight
sdyances IN the early trading, bat the
vigorous stance of the bears forced prices down
to sIDar fractions below opening figures during the
fysJ kalf hour. The advance however was resumed
and made slow but steady progress subject to frequent
slight reactions until P. NJ After that time great
rush to took place and vim being impaired
TO the dealings the advance accelerated and was
only checked toward the close, which strong. at
about the best figures reached. Sales, 1873, 661
shares. Closing prices this evening show material adj
for nearly the entire active list St Paul being
up 23e; Norfolk e. Western preferred, 24; Lake
Shore 2; Louisville & Nashville, Denver, preferred.
and Northwestern, ! So each.
Railroad bonds active, though the only
special features the activity apd advance in the
Texas Pacific Rio trust receipts which gained pig per
cent ct 6s on sales of S495 900 Erie seconds were
the only other active the sales being 600
out of total days business of 81. 672, 600. Closing
quotations